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Monday, November 20, 2006

Hire Callings


From: CFO Magazine
By: CFO Staff

Leaving a finance career doesn't necessarily mean leaving finance.

This year nearly 2,400 public-company CFOs are expected to leave their current jobs. Most will move on to other finance positions, often at larger companies. A few will move into the coveted corner office. But a growing number of CFOs will wave an emphatic goodbye to corporate life altogether and instead launch themselves into a wide variety of other pursuits. While the CFO post is undeniably a pressure-cooker, it can also be an incubator: executives acquire a broad range of skills, experiences, and contacts that leave them well prepared to indulge their passions and interests. They can strike out in new directions even as they leverage the finance savvy they've spent many years developing. Some will become independent directors, others will explore opportunities in the private-equity/venture-capital space, still others will take the "left to pursue other interests" boilerplate to heart - and actually pursue the dreams they feel they've put off for far too long.

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